Geopolitical tensions in the Middle East threaten major maritime corridors, raising oil price risks.
Macro & Markets ·
Geopolitical tensions in the Middle East are creating risks for major maritime corridors, with analysts pointing to potential threats to both the Strait of Hormuz and the Bab-el-Mandeb Strait connecting the Red Sea and Gulf of Aden. Closures of these routes could intensify risks of further oil price increases, according to the assessment.